TECO Energy (TE) Set to Announce Earnings on Thursday
TECO Energy (NYSE:TE) is scheduled to be posting its quarterly earnings results on Thursday, January 30th. TECO Energy has set its FY13 guidance at $0.90-1.00 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
TECO Energy (NYSE:TE) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.04. The company had revenue of $765.90 million for the quarter, compared to the consensus estimate of $818.70 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. On average, analysts expect TECO Energy to post $0.94 EPS for the current fiscal year and $1.09 EPS for the next fiscal year.
Shares of TECO Energy (NYSE:TE) opened at 16.73 on Wednesday. TECO Energy has a 52-week low of $16.15 and a 52-week high of $19.22. The stock has a 50-day moving average of $16.96 and a 200-day moving average of $17.05. The company has a market cap of $3.635 billion and a price-to-earnings ratio of 18.04.
A number of analysts have recently weighed in on TE shares. Analysts at Macquarie downgraded shares of TECO Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, January 6th. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of TECO Energy in a research note to investors on Wednesday, December 11th. They now have a $18.00 price target on the stock, up previously from $17.00. Finally, analysts at TheStreet upgraded shares of TECO Energy to a “buy” rating in a research note to investors on Thursday, November 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.00.
TECO Energy, Inc (NYSE:TE) is a holding company for regulated utilities and other businesses.
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